India Collaborates with Google and Meta to Combat Crypto Scams

According to the Ministry of Home Affairs' 2024 annual report, India is working with tech giants Google and Meta to tackle the growing issue of crypto scams. 🎯 These scams primarily target vulnerable groups such as unemployed youth, housewives, and students, promising high returns but ultimately resulting in significant losses.

These scams often lure victims through social media and search engines, with fraudsters posing as financial advisors, gradually building trust before committing fraud. 💰 Over $3.6 billion has already been siphoned off in 2024. The Indian Cyber Crime Coordination Center (I4C) has established agreements to collaborate with these platforms to quickly identify and remove suspicious content to protect investors. 🔍